China´s CNOOC puts 1st phase of Mero oilfield into production in Brazil

 

Mero oilfield Phase-I has been put into production in Brazil by China National Offshore Oil Corporation (CNOOC) Limited.

Huang Yehua, president of CNOOC Brazil, said that the project is reaching its production capacity of up to 180,000 barrels per day with the first phase of the project put into production.

CNOOC, the listed unit of China’s largest producer of offshore crude oil and natural gas, holds a 9.65-percent stake in the Mero oilfield joint development project.

China’s CNOOC to Buy Brazil Oilfield Stake for USD 2.1 billion

Mero oilfield, about 150 km off Rio de Janeiro, is located at the Libra block in Brazil’s Santos Basin pre-salt area with an average water depth of 1930 meters.

Mero is an ultra-deepwater oilfield situated approximately 180km offshore Rio de Janeiro in the Libra block, Brazil. It is located in the pre-salt area of the Santos basin.

It is owned by the Libra consortium, which is led by Petrobras (40%) and includes Shell (20%), Total (20%), CNPC (10%) and CNOOC Limited (10%). Petrobras is the operator of the Libra Consortium.

 

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